Search Results for: Greek debt crisis
TICKING TIME-BOMB: Greece set to run out of cash by MAY pushing Europe into ANOTHER crisis
April 28th, 2016
DEBT-ridden Greece is dangerously close to running out of cash and plunging the eurozone into a fresh crisis. Athens desperately needs £4 BILLION worth of aid from creditors but is refusing to make any further cutbacks to government spending. ...
Time for Debt Reduction in Greece
April 25th, 2016
Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round ...
DIW: Is the Greek crisis a tragedy without catharsis?
April 14th, 2016
Dedicated to the Greece crisis is the last volume of the German Institute for Economic Research (DIW) in Berlin, entitled “The Greek crisis: a Greek tragedy?”. In an edition that is structured as a tragedy, 20 researchers – mostly ...
Greece Economic Crisis Enters Year 9
March 28th, 2016
Greece’s fledgling economy fell back into recession in the fourth quarter of 2015, as the combination of sky-high unemployment, weak inflation and a shaky financial sector ended a turbulent year defined by political crisis and uncertainty. Gross domestic product ...
European debt sales top €100 billion for the first time since 2008
February 18th, 2016
Sales of loan portfolios by deleveraging banks in Europe reached a record €104 billion last year, with the UK accounting for more than one-third of the total, according to new research from KPMG. Britain accounted for 37 percent of ...
Greece’s economic crisis goes on, like an odyssey without end
January 7th, 2016
When Stavros Staikos thinks of the year ahead, he expresses dread. Although stoic in demeanour, the retired merchant seaman struggles to be upbeat about his country and his own circumstances. “It’s hard to be optimistic,” he says, waiting his ...
Greek Banks Said to Face Recapitalization at Top of Range
September 24th, 2015
Auditors tell lenders they need to be more conservative Latest bailout package allocates 25 billion euros for banks Greek banks are being told by auditors some of their assets are overvalued, meaning they may have to raise close ...
Volkswagen bigger risk for Germany than Greek crisis
September 24th, 2015
Volkswagen could pose bigger threat to German economy than Greek crisis The Volkswagen (VOWG_p.DE) emissions scandal has rocked Germany‘s business and political establishment and analysts warn the crisis at the car maker could develop into the biggest threat to ...
Bad loans haunt Greek banks seeking new start
September 8th, 2015
Turned down for a 10,000 euro ($11,100) loan, George Sarris is one of hundreds of thousands of small business owners shunned by Greek banks. Pointing to the parliament building overlooking his small cafe in Athens’ Syntagma Square, the 35-year-old ...
Greece debt crisis: Interim PM Thanou is first woman leader
August 28th, 2015
Greece‘s top Supreme Court judge, Vassiliki Thanou, has been appointed caretaker prime minister ahead of early elections next month. President Prokopis Pavlopoulos named Ms Thanou after efforts to form a coalition failed. Last week, Alexis Tsipras resigned as prime ...
